'Veneroso says there are a million tons stashed away of Zn' - there may be, i've got well over a hundred pounds of galvanised stuff stashed away myself, lag bolts and hinges and fittings etc, if you estimate zinc content at say three per cent that might be five pounds right there ... so hey Mr V, make me an offer -g-
It wouldn't take much warehouse space to store a few millions pounds of something with a high specific gravity, and a forklift to move it around ... but what would have been the motivation to store it in the first place, and what would be the motivation to dump it into the market? ... to cover one's shorts on the futures or something? - ah but then you'd be less long on the physical, wouldn't you, plus have all the shipping/storage costs ... i just don't see it, over the longer term anyway, it'll all come down to supply and demand in the end ... and speaking of all those articles that discuss coming sup/dem, are they talking about smelter/refinery capacity, or availability of ore? ... it's not always clear which
In re Shanghai - why is the price thirty cents higher there? ... seems like more than shipping costs would allow for -
mmg - closed at h.o.d. ... no idea of when mine plan comes, Tom, but one thing is for absolute sure - tomorrow we will be one (1) day closer, precisely |
